NZDCAD - Daily Fib - Psych - Major Support (NZDUSD Psych) (USDCAD broken out of range and has been in a long downtrend). Looking for NZDUSD to form a W before entering - also waiting for retest on NZDCAD of 0.88
NzdCad has put in a nice high and tight flag with room to go up and a strong flag pole. Howwever be aware of the 15 min as it looks like a head and shoulders pattern which would be a conflicting signal to this setup.
NzdCad has created a new low on the hourly with some room to go to the next support level, head and shoulders on the 5 min pullback and entry. Not the greatest setup and you can definitely play about with stops and targets on this setup.